PUBLISHER: KBV Research | PRODUCT CODE: 1642334
PUBLISHER: KBV Research | PRODUCT CODE: 1642334
The Asia Pacific Commercial Drones Market would witness market growth of 12.9% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Commercial Drones Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $5,775.7 million by 2031. The Japan market is exhibiting a CAGR of 12.2% during (2024 - 2031). Additionally, The India market would experience a CAGR of 13.7% during (2024 - 2031).
Industries with high crime rates and labour expenses are more likely to see conventional use cases like monitoring, surveillance, and security emergence. Drones are often used in search and rescue operations and in locating elevated infrastructure that may have broken electrical wires or unstable roofs in hazardous and inaccessible locations. Technological developments in electronics, including contemporary computers, microcontrollers, processors, mobile devices, and cameras, have simplified the drone product lineup.
The uses of commercial drones extend far beyond traditional applications. Energy businesses commonly use Unmanned Aerial Vehicles (UAVs) to monitor electricity cables, pipelines, wind turbines, and solar panels. Businesses may remotely verify the condition of their equipment without running the danger of hurting employees. It might be challenging for oil and gas businesses to evaluate floating points and flare tips. Also, drones have resolved the problem of getting to difficult-to-reach places. They are also used to check offshore platforms, pipelines, and wells.
Australia is a significant industrial hub in the region, where BVLOS testing is becoming increasingly significant. Percepto, a developer of drone-in-a-box solutions, received operating authorization from Australia's Civil Aviation Safety Authority (CASA) in December 2021 to operate BVLOS throughout the nation. To support the extensive drone ecosystem, operators in the nation are creating technology and services quickly. With the backing of numerous local and foreign players, the CASA created favourable drone laws in Australia that assist the integration of drones into several of these applications. Such advancements can result in a favourable prognosis for the market in the region throughout the forecast. Thus, market growth is propelling due to the abovementioned factors.
Based on Product, the market is segmented into Rotary Blade, Fixed-wing, and Hybrid. Based on End-use, the market is segmented into Media & Entertainment, Security & Law Enforcement, Agriculture, Energy, Real Estate & Construction, and Other End-use. Based on Application, the market is segmented into Filming & Photography, Mapping & Surveying, Surveillance & Monitoring, Inspection & Maintenance, Precision Agriculture, and Other Application. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.
List of Key Companies Profiled
Asia Pacific Commercial Drones Market Report Segmentation
By Product
By End-use
By Application
By Country